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South China Morning Post
a day ago
- Politics
- South China Morning Post
Does Chinese privilege exist in Singapore? Study finds views differ by age and race
Das still remembers an offhand remark from a former colleague who, upon seeing his hairy legs, said that they resembled a monkey's. Advertisement For the 30-year-old ethnic Indian Singaporean postgraduate student, who spoke to This Week in Asia under a pseudonym, the comment reflected a kind of casual insensitivity he said he had encountered as a racial minority in Singapore. 'I would ascribe the confidence of saying such things without having to endure a blowback or to blow it off as a joke to Chinese privilege,' he said, when asked about moments when he felt the majority Chinese population held an unspoken advantage. His experience aligns with sentiments expressed by some respondents in a new study by the Institute of Policy Studies (IPS) at the Lee Kuan Yew School of Public Policy, which sheds light on how Singaporeans of different ages and ethnicities perceive racial inequality – and the very idea of 'Chinese privilege' – in the multiracial city state. Released on Friday, the study surveyed 4,000 residents and found that while only 44.7 per cent of respondents overall said they believed Chinese privilege exists, younger Singaporeans were far more likely to hold the view. Among those aged 18 to 35, seven in 10 said it existed, compared with less than three in 10 of older respondents above 65 years of age, according to the study conducted between April and August last year. Advertisement Furthermore, six in 10 Malays and Indians said they believed Chinese Singaporeans enjoy certain advantages, while just four in 10 Chinese respondents held the view.
Yahoo
15-07-2025
- Business
- Yahoo
Singapore proposes to strip money launderers of directorships
By Weilun Soon (Bloomberg) — Singapore is considering stripping directorships from persons who have been convicted of money-laundering offences in the city state after a S$3-billion (US$2.34 billion) scandal that dented the Southeast Asian country's reputation as a global financial centre. The government is seeking feedback on such a proposal from the public as it contemplates changes to several legislations, including the Companies Act 1967, the Ministry of Finance and the Accounting and Corporate Regulatory Authority said in a request for public comments on Monday. Among the proposed changes is a suggestion to allow ACRA to share audit information with overseas audit regulators. The amendments aim to prevent misuses of companies for unlawful purposes as well as to safeguard shareholders' interests, the agencies said. The public can submit their comments until 31 July. The move is expected to strengthen Singapore's anti-money laundering regime after the the scandal that unfolded in 2023. The Monetary Authority of Singapore imposed composition penalties of S$27.5 million on nine financial firms, including Credit Suisse's Singapore branch and Citibank Singapore, for anti-money-laundering breaches. One of the suspects named in the case, Wang Junjie, was a director at several companies related to some of those arrested. Wang was charged in January with offences related to falsifying accounts and representations. More stories like this are available on ©2025 Bloomberg L.P.
Reuters
07-05-2025
- Business
- Reuters
Singapore sets up new GasCo entity, appoints chief executive, says regulator
SINGAPORE, May 7 (Reuters) - Singapore's energy regulator said on Wednesday the country has established a fully government-owned entity called Singapore GasCo to centralise the procurement and supply of gas to the power sector in the city-state. The entity would also reap economies of scale and negotiate more favourable gas contracting terms, procure natural gas from diverse sources, and sign longer-term gas contracts to provide more stable supply and prices, the Energy Market Authority (EMA) said in a statement. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The EMA also said Alan Heng has been appointed as Singapore GasCo's chief executive. Heng was the group chief executive of Singaporean liquefied natural gas (LNG) company Pavilion Energy until March 2025. In a move to boost the country's energy security, Singapore had first announced in 2023 that it would create Singapore GasCo to centrally purchase and manage natural gas supply for the power sector. The city-state relies on gas to generate 95% of its electricity. Last year, a Singapore minister said the government expects the entity to start procuring LNG from 2026. Singapore imported 6.35 million metric tons of LNG in 2024, according to data from analytics firm Kpler.
